Thai Air Expects Court to Approve Rehabilitation Plan by April

Nov. 24, 2020, 8:05 AM

Thai Airways expects its debt rehabilitation plan will be approved by the bankruptcy court around end-March to April next year, after getting approval from the airline’s major creditors.

  • The airline’s major creditors will be called to consider the rehabilitation plan around late-February to early March, according to the company’s briefing to investors Tuesday
  • The number of planes that will be left in Thai Air’s fleet is currently under consideration
  • Thai Airways is also still assessing plans for its low-cost carrier Thai Smile
  • Company planned “leaner operations” with cost-cutting measures like having a smaller network and fleet, and external revenue generation ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.